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The core CPI advanced 3.9% on a year-on-year basis, matching December's increase. With the CPI data in hand, economists estimated the core PCE price index increased 0.3% in January after gaining 0 ...
Apartment rents have moderated more quickly than the CPI indicates, and economists have long anticipated inflation data to factor in those numbers. ... Sharif called the 0.3% monthly rent increase ...
Meanwhile, owners' equivalent rent also showed deceleration, falling 0.2% for the month, down from October’s 0.4% gain and marking the slowest monthly gain since April 2021.
There’s a problem with inflation. It just refuses to go that “last mile” down to 2%, the magic percentage targeted by the Federal Reserve.Economists have widely agreed on one culprit: high ...
A 0.3% increase in the cost of shelter, which includes hotel and motel rooms, accounted for nearly 40% of the rise in the CPI. Shelter costs rose 0.4% in October.
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
June 12, 2024 at 12:54 PM. ... Economists have expected slowing rent increases to show up in CPI for more than a year. The BLS surveys rent data every six months, causing a lag in the index.
The index for rent and owners' equivalent rent (OER) each rose 0.2% from October to November, a deceleration from the prior month's reading and the smallest one-month increases since July 2021 and ...